Petrobras reveals greatest play

Brazil, already the second largest oil reserve holder in South America, is opening the biggest play in that country’s history in the deep pre-salt formations below its major producing basins.
The new world-class oil province lies under the Espirito Santo, Campos and Santos basins, and the discovery opened with the Tupi accumulation.
According to Petrobras, Tupi “which represents but a small part of the new frontier, may boost Brazil’s current 14-billion-bbl oil and gas reserves by more than 50%.” So far, Petrobras is the only operator that has drilled deep...